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Federal Reserve Bank of Boston
Conference Series ; [Proceedings]
Inflation expectations, uncertainty, the Phillips curve, and monetary policy - comments
Michael T. Kiley

Historical experience suggests an important role for some deviation from the most restricted form of rational expectations in inflation dynamics, but also shows that other aspects of sluggish price adjustment – such as nominal rigidities, are important; and the available indicators of inflation expectations show that imperfect information regarding central bank intentions has been one source of inertia in inflation expectations.

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Michael T. Kiley, "Inflation expectations, uncertainty, the Phillips curve, and monetary policy - comments" , Federal Reserve Bank of Boston, Conference Series ; [Proceedings], volume 53, number y:2008:n:53:x:8, 2008.
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Keywords: Inflation (Finance) ; Unemployment ; Phillips curve
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